Kimbell Royalty Partners, LP

NYSE:KRP Stock Report

Market Cap: US$1.5b

Kimbell Royalty Partners Management

Management criteria checks 4/4

Kimbell Royalty Partners' CEO is Bob Ravnaas, appointed in Nov 2015, has a tenure of 9.08 years. total yearly compensation is $5.24M, comprised of 11.8% salary and 88.2% bonuses, including company stock and options. directly owns 1.59% of the company’s shares, worth $23.97M. The average tenure of the management team and the board of directors is 8.5 years and 9.1 years respectively.

Key information

Bob Ravnaas

Chief executive officer

US$5.2m

Total compensation

CEO salary percentage11.8%
CEO tenure9.1yrs
CEO ownership1.6%
Management average tenure8.5yrs
Board average tenure9.1yrs

Recent management updates

Recent updates

Kimbell Royalty Partners: New Permian Wells Should Boost Production And Oil Cut

Nov 29

9% Yield At $70 WTI - The Power Of Kimbell Royalty Partners

Sep 23

Kimbell Royalty Partners: The Case Of Sound 10%+ Yield Remains Intact

Aug 23

Kimbell Royalty Partners: A De-Risked 11% Yielder To Buy

Jun 23

High-Quality Energy Income - Unlocking Double-Digit Yields With Kimbell Royalty Partners

May 26

Kimbell Royalty Partners: 2024 Production Guidance May Be Conservative

Apr 10

Kimbell Royalty Partners: Looking At Projected Results And Distribution For 2024

Jan 13

Kimbell Royalty Partners Is Worth Looking For The Right Entry Position

Dec 26

Kimbell Royalty Partners: Closes LongPoint Acquisition And Issues $325 Million In Preferred Units

Oct 12

Kimbell Royalty Partners: Yield May Reach 13% In 2024 With 75% Payout Ratio

Aug 03

Kimbell Royalty Partners: Recent Acquisition Adds Nearly 20% To Distributable Cash Flow Per Unit

May 28

Kimbell Royalty Partners Q4 2022 Earnings Preview

Feb 22

Kimbell Royalty Partners: Weak Near-Term NG Prices Weigh On 2023 Projections

Feb 15

Kimbell Royalty Partners: Bigger, But Not Better For Their Unitholders

Nov 09

Kimbell Royalty Partners Q3 2022 Earnings Preview

Nov 02

Kimbell Royalty Partners Should Deliver Quarterly Distributions Of Over $0.50 For A While

Sep 02

Kimbell Royalty Partners Q2 2022 Earnings Preview

Aug 03

Kimbell Royalty Partners Units Remain A Bargain Amid The Crude Oil Selloff

Jul 21

CEO Compensation Analysis

How has Bob Ravnaas's remuneration changed compared to Kimbell Royalty Partners's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$39m

Jun 30 2024n/an/a

US$35m

Mar 31 2024n/an/a

US$42m

Dec 31 2023US$5mUS$620k

US$62m

Sep 30 2023n/an/a

US$81m

Jun 30 2023n/an/a

US$106m

Mar 31 2023n/an/a

US$127m

Dec 31 2022US$5mUS$575k

US$95m

Sep 30 2022n/an/a

US$86m

Jun 30 2022n/an/a

US$49m

Mar 31 2022n/an/a

US$14m

Dec 31 2021US$4mUS$575k

US$23m

Sep 30 2021n/an/a

-US$60m

Jun 30 2021n/an/a

-US$79m

Mar 31 2021n/an/a

-US$129m

Dec 31 2020US$4mUS$575k

-US$167m

Sep 30 2020n/an/a

-US$156m

Jun 30 2020n/an/a

-US$155m

Mar 31 2020n/an/a

-US$119m

Dec 31 2019US$2mUS$575k

-US$83m

Sep 30 2019n/an/a

-US$33m

Jun 30 2019n/an/a

-US$21m

Mar 31 2019n/an/a

-US$8m

Dec 31 2018US$5mUS$300k

-US$57m

Sep 30 2018n/an/a

-US$54m

Jun 30 2018n/an/a

-US$50m

Mar 31 2018n/an/a

-US$51m

Dec 31 2017US$994kUS$276k

US$1m

Compensation vs Market: Bob's total compensation ($USD5.24M) is about average for companies of similar size in the US market ($USD5.51M).

Compensation vs Earnings: Bob's compensation has been consistent with company performance over the past year.

CEO

Bob Ravnaas (66 yo)

9.1yrs

Tenure

US$5,239,989

Compensation

Mr. Robert Dean Ravnaas, also known as Bob, serves as Chairman of the Board at Kimbell Tiger Acquisition Corp. Mr. Ravnaas serves as President at KRP Bakken I LLC. He serves as Managing Partner at Rivercre...

Leadership Team

NamePositionTenureCompensationOwnership
Robert Ravnaas
Chairman of the Board & CEO of Kimbell Royalty GP LLC9.1yrsUS$5.24m1.59%
$ 24.0m
Brett Taylor
Executive Vice Chairman of Kimbell Royalty GP LLC9.1yrsUS$2.70m0.93%
$ 13.9m
Robert Ravnaas
President & CFO of Kimbell Royalty GP LLC9.1yrsUS$4.71m1.07%
$ 16.0m
Matthew Daly
COO & Secretary of Kimbell Royalty GP LLC7.6yrsUS$3.21m0.71%
$ 10.7m
R. Rhynsburger
Controller of Kimbell Royalty GP LLC7.8yrsUS$641.75k0.056%
$ 838.4k

8.5yrs

Average Tenure

51yo

Average Age

Experienced Management: KRP's management team is seasoned and experienced (8.5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Robert Ravnaas
Chairman of the Board & CEO of Kimbell Royalty GP LLC9.1yrsUS$5.24m1.59%
$ 24.0m
Brett Taylor
Executive Vice Chairman of Kimbell Royalty GP LLC9.1yrsUS$2.70m0.93%
$ 13.9m
William Adams
Independent Director of Kimbell Royalty GP LLC7.9yrsUS$269.15k0.11%
$ 1.7m
Erik Daugbjerg
Independent Director of Kimbell Royalty GP LLC6.7yrsUS$269.15k0.12%
$ 1.8m
Thomas Martin
Director of Kimbell Royalty GP LLC9.1yrsUS$190.36k0.11%
$ 1.7m
Mitch Wynne
Director of Kimbell Royalty GP LLC9.1yrsUS$739.21k0.32%
$ 4.8m
Craig Stone
Independent Director of Kimbell Royalty GP LLC7.9yrsUS$269.15k0.080%
$ 1.2m

9.1yrs

Average Tenure

65yo

Average Age

Experienced Board: KRP's board of directors are considered experienced (9.1 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/27 10:43
End of Day Share Price 2024/12/27 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Industry and Sector Metrics

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Analyst Sources

Kimbell Royalty Partners, LP is covered by 14 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John AbbottBofA Global Research
Noah HungnessBofA Global Research
Paul DiamondCitigroup Inc